M&A Deal Summary

Butterfield Acquires ABN AMRO

On April 25, 2019, Butterfield acquired financial services company ABN AMRO from ABN AMRO Group N.V. for 161M GBP

Acquisition Highlights
  • This is Butterfield’s 3rd transaction in the Financial Services sector.
  • This is Butterfield’s largest (disclosed) transaction.
  • This is Butterfield’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2019-04-25
Target ABN AMRO
Sector Financial Services
Buyer(s) Butterfield
Sellers(s) ABN AMRO Group N.V.
Deal Type Divestiture
Deal Value 161M GBP

Target

ABN AMRO

Guernsey, Channel Islands
ABN AMRO (Channel Islands) Ltd. offers well-established banking, investment management, and custody products to three distinct client segments, including trusts, private clients, and funds. As at December 31, 2018, ABN AMRO Channel Islands has a well-balanced client base with £2.9 billion in deposits and £3.5 billion in assets under management and custody.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Butterfield

Hamilton, Bermuda

website

Category Company
Founded 1858
Sector Financial Services
Employees1,258
Revenue 503M USD (2020)
DESCRIPTION

Butterfiel is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Divestiture) 3 of 3
Country (Channel Islands) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Deutsche Bank AG - Banking and Custody Business

Cayman Islands

Deutsche Bank AG - Banking and Custody Business provides services primarily to financial intermediaries and corporate clients.

Buy -

Seller(S) 1

SELLER

ABN AMRO Group N.V.

Amsterdam, Netherlands

website

Category Company
Founded 1720
Sector Financial Services
Employees22,242
DESCRIPTION

ABN AMRO serves retail, private and commercial banking customers in the Netherlands and across the globe. Along with a comprehensive range of products and services, Company offer in-depth financial expertise, extensive knowledge of numerous sectors and an international network supporting our customers' domestic and international operations.

DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 4 of 4
Type (Divestiture) 4 of 4
Country (Channel Islands) 1 of 1
Year (2019) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Stater N.V.

Amersfoort, Netherlands

Stater N.V. is the largest mortgage service provider in the Netherlands. Stater N.V. services relate to close to forty percent of all mortgages in the Netherlands, from mortgage application approval to final redemption.

Sell -
Mergr

Product

Company

Legal